There has been plenty made of the future market size of Internet of Things (IoT), and almost everyone in the telecoms industry is very familiar with numbers claiming “IoT will be worth billions by 2020”. However, it would be fair to say that the IoT market in general failed to capture the public’s imagination in 2016, with the majority of consumer offerings being picked up by early adopters and tech enthusiasts – it will still take some time before IoT solutions are more pervasive in society.
However, that said, one area where IoT is beginning to have an effect is in the smart cities and smart buildings industry. Mass rollouts of IoT in an industrial setting, including urban environments and business hubs, are beginning to garner success. If one were to look at the most recent figures, the opportunity for industrial applications of IoT in global cities becomes all the clearer and more compelling.
This paper, produced by Telecoms.com in cooperation with Interdigital, will:
Download the paper, for free, from Telecoms.com.
With Amazon and Google launching smart home initiatives, have the telcos missed out on their chance to cash in on this market?
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